APAC to Be the Fastest-Growing Market for Medical Power Supply During the Forecast Period

[167 Pages] The medical power supply market is estimated to grow at a CAGR of 6.6% from 2017 to 2022 to reach USD 1,218.6 million by 2022 from USD 830.5 million in 2016.

(EMAILWIRE.COM, January 13, 2019 ) According to the new market research report "Medical Power Supply Market by Current Type (AC-DC Power Supply), Application (Monitoring Equipment (MRI, ECG, EEG, PET, Multiparameter Monitor, Ultrasound, X-ray, MEG), Construction (Enclosed, External), Power Ranges (200w) - Global Forecast to 2022", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).

The base year considered for the study is 2016 and the forecast for the market size is provided for the period between 2017 and 2022. In the current market scenario, there is a growing demand for power supply for medical devices. The objective of this report is to define, describe, and forecast the market based on current type, construction, application, power ranges, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.

In this report, the global medical power supply market is segmented based on current type, construction, application, power range, and region.

Based on current type, the global market is segmented into AC-DC power supply and DC-DC power supply. In 2017, AC-DC power supply is expected to account for the largest share of the global market, in terms of value market. The advantages of AC-DC over DC-DC power supply, such as low energy consumption, low risk of current leakage, and greater efficiency, are driving the growth of the AC-DC power supply market.

In 2016, in terms of value, North America is expected to account for the largest share of the global medical power supply market, followed by Asia, Europe, and RoW. In terms of volume and value market, the Asia region is expected to register the highest growth rate from 2017 to 2022. Presence of a large number of market players and increasing installations of medical equipment are the major factors fueling the growth of the global market in the Asian region.